2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP
$1.14BCURRENT US$
Rnk 175 / 186
2012-2022
Flag
GDP GROWTH
56.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC
$24,918CURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP PC GROWTH
9.93%CURRENT US$
Rnk 118 / 186

About

Germany-Turks and Caicos Islands Trade: In 2022, Germany exported $2.84M to Turks and Caicos Islands. The main products that Germany exported to Turks and Caicos Islands were Concentrated Milk ($760k), Other Plastic Products ($561k), and Vaccines, blood, antisera, toxins and cultures ($502k). Over the past 5 years the exports of Germany to Turks and Caicos Islands have increased at an annualized rate of 21%, from $1.09M in 2017 to $2.84M in 2022.

In 2022, Germany did not export any services to Turks and Caicos Islands.

Turks and Caicos Islands-Germany Trade: In 2022, Turks and Caicos Islands exported $92.4k to Germany. The main products that Turks and Caicos Islands exported to Germany were Integrated Circuits ($62.3k), Harvesting Machinery ($27.1k), and Machinery Having Individual Functions ($2.8k). Over the past 5 years the exports of Turks and Caicos Islands to Germany have increased at an annualized rate of 18%,  from $20.9k in 2017 to $92.4k in 2022.

In 2022, Turks and Caicos Islands did not export any services to Germany.

Comparison In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78),  and 3 in total exports ($1.6T). That same year, Turks and Caicos Islands ranked 204 in total exports ($41.4M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $2.84M to Turks and Caicos Islands. The main products exported from Germany to Turks and Caicos Islands were Concentrated Milk ($760k), Other Plastic Products ($561k), and Vaccines, blood, antisera, toxins and cultures ($502k). During the last 5 years the exports of Germany to Turks and Caicos Islands have increased at an annualized rate of 21%, from $1.09M in 2017 to $2.84M in 2022.

In 2017, Turks and Caicos Islands exported $92.4k to Germany. The main products exported from Turks and Caicos Islands to Germany were Integrated Circuits ($62.3k), Harvesting Machinery ($27.1k), and Machinery Having Individual Functions ($2.8k). During the last 5 years the exports of Turks and Caicos Islands to Germany have increased at an annualized rate of 18%, from $20.9k in 2022 to $92.4k in 2017.

Exports from Germany (Flag) to Turks and Caicos Islands (Flag) (2022)

Exports from Turks and Caicos Islands (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Turks and Caicos Islands
Top Destination
Togo$25.1M

This map shows whether countries import more from Germany or Turks and Caicos Islands. Each country is colored based on the difference in imports they receive from Germany and Turks and Caicos Islands or the difference in the growth in imports.

In 2022, countries that imported more from Germany than Turks and Caicos Islands included United States ($153B), France ($120B), and China ($109B).

In 2022, no countries were registered that imported more from Turks and Caicos Islands than from Germany.

Difference in imports from Turks and Caicos Islands (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Turks and Caicos Islands

Flow
Scale

This chart compares trade between Germany and Turks and Caicos Islands by product, considering products traded by both, Germany and Turks and Caicos Islands.

During 2022, Germany had a large net trade with Turks and Caicos Islands in the exports of Animal Products ($1.02M), Plastics and Rubbers ($575k), and Chemical Products ($537k).

During 2017, Turks and Caicos Islands had a large net trade with Germany in the exports of Machines ($92.4k), Foodstuffs ($62), and Paper Goods ($3).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Turks and Caicos Islands. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Turks and Caicos Islands. Similarly, a dot/product with the flag of Turks and Caicos Islands indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Turks and Caicos Islands (Flag) (2022)

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